Ford Europe announced Tuesday plans to slash 3,800 hourly and salaried jobs in Europe over three years, eliminating mostly people who work in product development, as the automaker pivots from gas-powered to all-electric vehicles. This is the latest move that reflects Ford’s talent transition from internal combustion engines to electric vehicles and technology. In the… Continue reading Ford Europe to cut 3,800 jobs as automaker pivots to electric vehicles
Tag: Strategy
Tesla board member says Musk doesn’t mind bankruptcy if a rival builds a better car: ‘That’s his philosophy’
watch now Elon Musk remarked that he wouldn’t mind Tesla going bankrupt if it means a rival company builds a better car, according to a member of the firm’s board. “I disagree whenever Elon says I don’t mind Tesla getting into bankruptcy if somebody else comes up with a better car,” Hiromichi Mizuno, former chief… Continue reading Tesla board member says Musk doesn’t mind bankruptcy if a rival builds a better car: ‘That’s his philosophy’
Nuix and Serco NA partner to score prizewinning result in US Navy AI automation challenge.
HERNDON, Va., Feb. 14, 2023 /PRNewswire/ — Global software company Nuix (www.nuix.com | ASX:NXL) today announced that alongside partner, Serco Inc (www.serco.com | OTC: SCGPY), that it was a winner in the US Navy’s Controlled Unclassified Information (CUI) Automation Challenge sponsored by the US Navy Office of Naval Research. In an increasingly tense geopolitical environment, managing… Continue reading Nuix and Serco NA partner to score prizewinning result in US Navy AI automation challenge.
DEMAND FOR MATERIALS AND COMPONENTS REMAINS DEPRESSED, ESPECIALLY IN NORTH AMERICA, AS RECESSION RISK PERSISTS: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX
Global supply chain volatility now at its lowest level since September 2020 Item shortages continue to ease; transportation costs normalize; and businesses unwind safety stocks Businesses continue to reduce input purchases, with demand downturn the most severe in North America CLARK, N.J., Feb. 14, 2023 /PRNewswire/ — The GEP Global Supply Chain Volatility Index —… Continue reading DEMAND FOR MATERIALS AND COMPONENTS REMAINS DEPRESSED, ESPECIALLY IN NORTH AMERICA, AS RECESSION RISK PERSISTS: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX
Senmiao Technology Reports Fiscal 2023 Third Quarter Financial Results
CHENGDU, China, Feb. 14, 2023 /PRNewswire/ — Senmiao Technology Limited (“Senmiao”) (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China, as well as an operator of its own online ride-hailing platform, today announced financial results for the fiscal 2023 third quarter ended December 31, 2022. Please note that the financial… Continue reading Senmiao Technology Reports Fiscal 2023 Third Quarter Financial Results
German FAZ: New poison darts in the medical bank005228
Surrounded by turmoil: Here the Stuttgart branch of Apobank Image: Arnulf Hettrich / Fnoxx Once again, a BCG management consultant influenced the selection of a board member. The supervisory board found out about this late. About trench warfare, orders, secret deals and possible conflicts of interest. Since the Apotheker- und Ärztebank (Apobank) turned a large… Continue reading German FAZ: New poison darts in the medical bank005228
Acorn Growth Companies Completes Exit of Black Sage Technologies
OKLAHOMA CITY, Feb. 14, 2023 /PRNewswire/ — Acorn Growth Companies (“Acorn”), a private equity firm exclusively investing in aerospace, defense, intelligence, and space, today announced the sale of Black Sage Technologies, a leading provider of counter-unmanned aerial systems (C-UAS) and technologies, to Highlander Partners. Continue Reading AcornGrowth_Black_Sage Black Sage Technologies has established itself as a leader… Continue reading Acorn Growth Companies Completes Exit of Black Sage Technologies
Global Emergency Drones Market Projected To Reach $16.7 Billion By The End Of 2033
FinancialNewsMedia.com News Commentary PALM BEACH, Fla., Feb. 14, 2023 /PRNewswire/ — Globally, the use of drones has steadily increased in recent years. Each iteration has aided in solving problems relating to urban planning, agriculture, and the usage of drones for emergency management. Drones are beneficial in a variety of industries thanks to the innovation that… Continue reading Global Emergency Drones Market Projected To Reach $16.7 Billion By The End Of 2033
Altair and New York Yacht Club American Magic Announce Partnership for the 37th America’s Cup
Altair provides data analytics and AI technology to optimize NYYC American Magic team’s performance TROY, Mich., Feb. 14, 2023 /PRNewswire/ — Altair (Nasdaq: ALTR) announced it has been named the official computational science and artificial intelligence (AI) partner for the New York Yacht Club American Magic, challenger for the 37th America’s Cup. Altair will provide the team… Continue reading Altair and New York Yacht Club American Magic Announce Partnership for the 37th America’s Cup
Adani Enterprises Ltd 9M FY23 Results
Consolidated EBITDA up by 90% to Rs. 6,068 cr (US$ 733.5 mn) Consolidated PAT up by 271% to Rs. 1,750 cr (US$ 211.5 mn) Road Business achieves 3rd Provisional COD for Mancherial HAM project Water Business bags EPC project of Rs. 3,246 cr (US$ 392.4 mn) AHMEDABAD, India, Feb. 14, 2023 /PRNewswire/ — Adani Enterprises Ltd… Continue reading Adani Enterprises Ltd 9M FY23 Results